Government of Indonesia recently issued new regulation on electricity, namely Ministerial Decree (Permen ESDM No 10, 11 and 12/ 2017), covering updates on gas, LNG, renewable energy and key points in power purchase agreement (PPA).
To help stakeholders understanding these 3 new regulations as well as insight on draft of Electricity Supply Business Plant (RUPTL 2017-2026) and projects tender, Energy Nusantara is conducting the upcoming 28th Dinner Talk series.

Minister of Energy and Mineral Resources, Ignasius Jonan has issued new Ministerial Regulation No 8/ 2017 on oil and gas production sharing contract (PSC) based on gross split scheme to replace the previous cost recovery scheme. By applying the gross split scheme, the government will no longer cover the operating expenses of oil and gas contractors, thus releasing financial pressure on the state budget. Last year, for instance, the cost recovery limit was initially set at USD 8.4 Billion, but then it ended up to USD 11.4 Billion.

Minister Ignasius Jonan said that by applying the gross split scheme, upstream oil and gas projects are expected to be more efficient as contractors will be free to determine the technology and the most efficient operation. Bureaucratic procedure will also be much more simplified. All of these are expected to attract more investment into the upstream sector. According to the new regulation, the base split from oil for the government is set at 57 %, and 43 % for the contractor, while government’s base split from gas is 52 % and 48 % for the contractor.

The 1st PSC block being applied of the Gross Split scheme is the Offshore North West Java (ONWJ) with the signing by the government on 18 January 2017, assigning the entire contract to the block’s previous operator PT Pertamina Hulu Energi ONWJ (PHE ONWJ), subsidiary of state-owned oil and gas firm PT Pertamina (Persero).

video documentation

Trailer : 31st Dinner Talk Series on Electricity, “The Acceleration of Development of Electricity Infrastructures in Indonesia”

President Joko Widodo, in order to speed up the electricity infrastructure development in the country, has recently issued Presidential Decree (Perpres No 14/ 2017). Energy Nusantara as the largest energy network in Indonesia, is facilitating this upcoming dinner talk with key stakeholders from PLN, Pertamina (PT Jawa Satu Power) and Tripatra to share with audience on the key points of this regulation and other new ministerial regulations, updates, project opportunities and role of the respective companies in the electricity infrastructure development.

Trailer - 32nd Energy Talk: Holding BUMN Industri Pertambangan

PT Indonesia Asahan Aluminium (Inalum) since November last year officially becomes the holding company of state-owned mining company in Indonesia (Holding Industri Pertambangan) with PT Aneka Tambang, PT Bukit Asam and PT Timah becoming its subsidiaries. Furthermore, this holding company will take over the divestment of PT Freeport Indonesia shares. Until now, the negotiation is still in the process and it is estimated that by increasing the assets of Holding SOE Mining Industry, will be able to absorb the acquisition value of PT Freeport Indonesia.
This Energy Dinner Talk that will be held in Jakarta on 31 January 2018 will feature Bpk Budi Gunadi Sadikin as the CEO of PT Inalum to share insights of this newly set up holding and for stakeholders in oil and gas to understand it as the benchmark for the Holding BUMN Migas of Pertamina and PGN that will be completed by Q1 2018.

This holding attracts many stakeholders to understand the process and its impact. Thus this Energy Dinner Talk feature exclusively Bpk F. Harry Sampurno, the Deputy Minister that handles the process of Holding BUMN Migas. Bpk Harry is also the Chairman of the Board of PT Perusahaan Gas Negara (Persero) Tbk.

Energy Nusantara, the largest energy network in Indonesia, 35th Energy Talk held tomorrow evening with Project Director of Energy & Electricity, Committee for Acceleration of Priority Infrastructure (KPPIP). KPPIP was established based on Presidential Decree No 75/ 2014.

Energy & Electricity Infrastructure Priority Projects in Indonesia are listed as follows and will be shared:

Trailer : 34th Energy Talk Series - Up Close and Personal with Chairman of SKK MIGAS

Indonesia's Upstream Oil and Gas is managed by SKK Migas as the Government's Special Task Force. This institution was established by the Government of the Republic of Indonesia under Presidential Regulation Number 9 of 2013.

The 34th Energy Talk series will be featuring Chairman of SKK Migas to share with us the regulatory updates, issues management and opportunities in oil and gas in Indonesia. In this forum, insight from Bpk Amien Sunaryadi and networking among participants are the key values you will benefit from. Energy Nusantara will also be sharing exclusively for participants on our latest update on the Stakeholder Mapping of the oil and gas industry.